TLT perps: where to trade Treasury Bond ETF perpetual futures
7 tracked venues list TLT perps.
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The cheapest place to trade TLT perps right now is Bitget (TLTUSDT): 10.56 bps all-in for a $10,000 market buy at the standard taker fee, measured 03:51 UTC on 2026-10-03.
The next two venues are trade.xyz 26.82 bps and Bybit 79.60 bps. 4 of 7 TLT markets gave a measured cost.
TLT perps list on 7 tracked venues: 4 centralized exchanges, 2 Hyperliquid HIP-3 deployments, 1 other decentralized venues. Ostium (TLT/USD) fills at an oracle price, with no public TLT book to measure.
Maximum TLT leverage runs from 10x on Markets.xyz (mkts:USBOND) to 50x on Gate (TLT_USDT).
Measured TLT cost for a $10,000 buy
- Bitget10.56
- trade.xyz26.82
- Bybit79.60
- Gate94.19
TLT funding and open interest
Funding now runs from 0.0% a year on Bitget to 38.3% on trade.xyz, across 6 TLT markets. A positive rate means that longs pay shorts.
6 TLT markets report open interest, $4.8 million in total. Markets.xyz holds 45% of it ($2.2 million).
Where to trade Treasury Bond ETF perpetual futures
| Venue | Market | Max leverage | Funding now | Annual rate now | 7-day mean, annual | Open interest | Book cost (bps) | Taker fee | All-in (bps) | Promo rate, eligible accounts |
|---|---|---|---|---|---|---|---|---|---|---|
| Bitget | TLTUSDT | 20x | 0.0000% / 8 h | 0.0% | +1.8% | $373K | 4.56 | 0.060% (API) | 10.56 | — |
| trade.xyz | xyz:TLT | 20x | +0.0044% / 1 h | +38.3% | +27.2% | $1.4M | 25.92 | 0.0090% (API, live) | 26.82 | — |
| Bybit | TLTUSDT | 25x | 0.0000% / 8 h | 0.0% | +76.4% | $426K | 76.85 | 0.028% (docs, promotion for all accounts) | 79.60 | — |
| Gate | TLT_USDT | 50x | 0.0000% / 8 h | 0.0% | +3.5% | $190K | 86.69 | 0.075% (API) | 94.19 | — |
| Markets.xyz | mkts:USBOND | 10x | +0.0006% / 1 h | +5.0% | −1.4% | $2.2M | 2.52 | Not stated | — | — |
| MEXC | TLT_USDT | 20x | 0.0000% / 8 h | 0.0% | +76.4% | $231K | 30.18 | Not stated for all accounts | — | 0.000% = 30.18 bps (eligible accounts, source, 2026-09-25) |
| Ostium | TLT/USD | — | — | — | — | — | No TLT book | Oracle model | — | — |
Method: a $10,000 TLT market buy fills against each public TLT book.
The TLT book cost is that fill price against the mid, in bps. The TLT all-in cost adds the standard taker fee that every new account gets.
A TLT promo rate that only eligible accounts get is shown in its own column and is never ranked.
A TLT book price does not prove that the venue accepts TLT orders at that time, so check the TLT hours table.
Annual TLT funding is the rate per hour times 8,760, with no compounding. The TLT markets come from venue APIs read on 2026-09-25.
TLT trading hours and price source by venue
| Venue | Market | Hours | Price source |
|---|---|---|---|
| Bitget | TLTUSDT | 24/7, book EMA off-hours | Pyth, dxFeed, Massive, Intrinio |
| Bybit | TLTUSDT | 24/7 | Index with Pyth |
| Gate | TLT_USDT | Index holds last close | Paid feeds, crypto venues |
| Markets.xyz | mkts:USBOND | 24/7, internal weekend price | Kaiko |
| MEXC | TLT_USDT | Varies, no trades closed | Not named in docs |
| Ostium | TLT/USD | Mon–Fri 9:30–16:00 ET | Own feed, Stork nodes |
| trade.xyz | xyz:TLT | 24/7, bounded off-hours | Relayer, Blue Ocean ATS |
Find your liquidation price with the liquidation price calculator for TLT. Compare all tickers on the stock perps hub. Read how trade.xyz lists TLT on Hyperliquid.
Where to Trade iShares 20+ Year Treasury Bond ETF (TLT) Perpetual Futures
Fees and leverage limits apply venue-wide; check TLT terms with the venue.
iShares 20+ Year Treasury Bond ETF (TLT) market overview
TLT is the iShares 20+ Year Treasury Bond ETF, tracking long-dated US government debt and highly sensitive to long-end interest rates. TLT perpetual futures offer a 24/7 way to trade duration and the long end of the yield curve.
Frequently Asked Questions — iShares 20+ Year Treasury Bond ETF (TLT)
What open interest data is available for TLT?
1 venue report positive TLT open interest in this read.
The TLT total leaves out venues outside the read.
How does an iShares 20+ Year Treasury Bond ETF perpetual futures contract differ from the underlying asset?
An iShares 20+ Year Treasury Bond ETF perpetual tracks the iShares 20+ Year Treasury Bond ETF price, with no expiry date and no ownership of iShares 20+ Year Treasury Bond ETF.
Check each venue for iShares 20+ Year Treasury Bond ETF trading hours and the price source.
Category: ETFs/Indices